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NEW YORK , May 3, 2024 /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) is pleased to announce that Jennifer Witz, Chief Executive Officer, will represent the company at the 52nd Annual JP Morgan Global Technology, Media and Communications Conference. The event is scheduled for Tuesday, May 21 at 10:50 am ET and will be held at The Westin Boston Seaport District Hotel, Boston, MA.
An analyst reiterated his very bullish take on the company, following the release of first-quarter results. The price point is almost 70% higher than the most recent closing share price as I write this.
Sirius XM's (SIRI) first-quarter 2024 results reflect an improvement in ad revenues, offset by a decline in Sirius XM Standalone's paid promotional subscribers.
SiriusXM posted a decline in subscribers in its core business. Revenue grew just 1% in the quarter, Guidance calls for a decline in revenue for the year.
While the top- and bottom-line numbers for Sirius XM (SIRI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Sirius XM posted its strongest quarterly growth since 2022, but it isn't enough. The former battleground growth stock is now trading for just 9 times earnings with a 3.4% yield.
Sirius XM (SIRI) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.06 per share a year ago.
Sirius XM (NASDAQ: SIRI), a leading provider of satellite radio, is scheduled to announce its fiscal first-quarter results on Tuesday, April 30. We expect Sirius XM stock to likely trade higher with revenues beating and earnings matching market expectations in the first quarter results.
Not all value stocks are equal. Investors looking at these value stocks at 52-week lows may think they're among the worst picks in today's market.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Sirius XM (SIRI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.